EX-12 2 exhibit12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)

	Twenty-six weeks					Fiscal year ended
	August 2,		August 4,			Feb. 2,			Feb. 3,		Jan. 28,		Jan. 29,		Jan. 31,
	2008		2007			2008 ⁽¹⁾			2007		2006		2005		2004
NET EARNINGS
Income (loss) from continuing operations	$	21	$	(1	)	$	45		$	247	$	263	$	255	$	209
Income tax expense (benefit)		22		(1	)		(95	)		145		142		119		115
Interest expense, excluding capitalized interest		9		10			21			23		23		22		26
Portion of rents deemed representative of the
interest factor (1/3)		114		107			224			214		210		202		177
	$	166	$	115		$	195		$	629	$	638	$	598	$	527

FIXED CHARGES
Gross interest expense	$	9		10		$	21		$	23	$	23	$	22	$	26
Portion of rents deemed representative of the
interest factor (1/3)		114		107			224			214		210		202		177
	$	123		117		$	245		$	237	$	233	$	224	$	203
RATIO OF EARNINGS TO FIXED CHARGES		1.4		1.0			0.8			2.7		2.7		2.7		2.6

____________________

(1)

The results for the year ended February 2, 2008 have been revised to reflect an immaterial correction related to income taxes. The revision has no effect on the fixed charge coverage ratio.

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